Home | Los Angeles County | Monrovia | 91016 | 537 Cloverleaf Dr
MLS: CRAR25241292 | Status: Active | Price: $3,300,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 19.852 | – |
This prime Monrovia foothill offering presents a rare opportunity to acquire both a quality income-producing property and a high-potential development site in one. Currently generating steady rental income with a ~3% CAP rate, the property offers substantial room for improvement and future upside. It’s ideal for investors who wish to maintain income while advancing subdivision or redevelopment plans, minimizing carrying costs during the entitlement process. The portfolio comprises two contiguous parcels: 537 Cloverleaf Dr. (APN: 8503-001-029) — approximately 4.88 acres with a 2,683 SF dwelling AND 539 Cloverleaf Dr. (APN: 8503-002-008) — approximately 14.97 acres with a 2,390 SF dwelling Together, the combined 19.85-acre property provides utilities on site. According to recent surveyor analysis, there is potential for 6 to 8 luxury single-family home lots. The optimal layout would likely include six primary lots, while two additional lots could be achieved with more complex hillside grading and retaining solutions. Set amid the natural beauty of Monrovia’s hillside neighborhoods and just minutes from Old Town Monrovia, schools, and major transportation corridors, this property blends immediate income stability with long-term development potential—a rare combination in o
| Field | Value |
|---|---|
| MLS # | CRAR25241292 |
| MLS Source | California Regional MLS |
| Days on Site | 195 |
| Feature | Details |
|---|---|
| HOA Fee | $0 |
| Zoning | D4 |
Matthew Modica
Long Dragon Realty Group, Inc.
License #: 02159930
Phone: –
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Mayflower Elementary School | public | TK,KG,1,2,3,4,5,6 | 0.59 mi | 10 |
| Clifton Middle School | public | 7-8 | 1.11 mi | 7 |
| Foothills Middle School | public | 6-8 | 1.12 mi | 9 |
| Monroe Elementary School | public | TK,KG,1,2,3,4,5,6 | 1.20 mi | 6 |
| Monrovia High School | public | 9-12 | 1.20 mi | 7 |
| Highland Oaks Elementary School | public | K-5 | 1.21 mi | 10 |
| Wild Rose Elementary School | public | TK,KG,1,2,3,4,5,6 | 1.32 mi | 7 |
| Canyon Early Learning Center | public | KG | 1.67 mi | N/A |
| Bradoaks Elementary School | public | TK,KG,1,2,3,4,5,6 | 1.82 mi | 7 |
| Rancho Learning Center (Alternative) | public | K-12 | 1.83 mi | 6 |
| Sierra Madre Middle School | public | 6-8 | 1.94 mi | 8 |
| Monrovia Community Adult | public | UG | 1.99 mi | N/A |
| Mountain Park School | public | K-12 | 2.00 mi | 4 |
| Canyon Oaks High School | public | 9-12 | 2.00 mi | 3 |
| First Avenue Middle School | public | 6-8 | 2.12 mi | 8 |
| Santa Fe Computer Science Magnet | public | 7-8 | 2.19 mi | 6 |
| Camino Grove Elementary School | public | K-5 | 2.63 mi | 10 |
| Maxwell Elementary School | public | K-8 | 2.63 mi | 4 |
| Sierra Madre Elementary School | public | K-5 | 2.66 mi | 8 |
| Duarte High School | public | 9-12 | 2.77 mi | 7 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 190 Sycamore Ln | $3,000,000 | – | – | – | Active |
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This listing information is up-to-date as of April 10, 2026. For the most current information, please contact Matthew Modica.